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DATELINE RESOURCES LIMITED — Capital/Financing Update 2015
Oct 15, 2015
64793_rns_2015-10-15_5b7ef9f7-bb96-423a-8f69-aedf675004b7.pdf
Capital/Financing Update
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16 October 2015
Company Announcements Office Australian Securities Exchange Limited Exchange Centre 20 Bridge Street Sydney NSW 2000
COMPLETION OF ACQUISITION OF GOLDEN PHOENIX RESOURCES AND ISSUE OF SHARES
Dateline Resources Limited ( Company or Dateline ) is pleased to confirm that completion of the acquisition of 99.76% of the share capital of Golden Phoenix Resources Limited ( Golden Phoenix ) occurred today 16 October 2015.
Issue of consideration shares
The Company confirms that the following securities were issued on completion of the acquisition of Golden Phoenix:
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an aggregate of 14,940,347 fully paid ordinary shares in the Company were issued to the previous non-related shareholders of Golden Phoenix;
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4,999,887 fully paid ordinary shares in the Company were issued to Omaroo Pty Ltd, the trustee of the Hall Family Trust ( Hall Trust ), which is related to a director of the Company, Mr Greg Hall; and
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4,999,887 fully paid ordinary shares in the Company were issued to Ma Lan Pty Ltd, the trustee of the Laffan Family Trust ( Laffan Trust ), which is related to a director of the Company, Mr Greg Hall.
The issue price for the shares was $0.05 per share
Following the issue of the above shares, the Company currently has 101,240,121 ordinary shares on issue share capital structure is as follows:
| Type of Shareholder | No. of Shares | % of total |
|---|---|---|
| number of | ||
| Shares | ||
| Existing Datelineshareholders | 76,300,000 | 75.36% |
| Non-related Golden Phoenix shareholders (ortheir nominees) | 14,940,347 | 14.76% |
| Hall Trust | 4,999,887 | 4.94% |
| Laffan Trust | 4,999,887 | 4.94% |
| Total | 101,240,121 | 100% |
To complete its acquisition of 100% of the issued shares of Golden Phoenix as previously announced, Dateline intends to compulsorily acquire the remaining issued shares of Golden Phoenix in accordance with the Corporations Act 2001.
Dateline will keep the market informed of its progress in acquiring the remaining shares in Golden Phoenix.
Dateline Resources Limited (ACN 152 582 217) Level 4, 20 Loftus Street, Sydney, NSW 2000
www.datelineresources.com.au [email protected]
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Despatch of Holding Statements
Despatch of all holding statements in respect of the share issues above is in progress and will be completed on Monday 19 October 2015.
Restricted Securities
The Company confirms that the shares issued to the Hall Trust and the Laffan Trust will be subject to escrow restrictions 12 months from the 16[th] October 2015.
Revised Appendix 3B
A revised Appendix 3B confirming the issue of the above shares is attached to this announcement.
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John Smith Company Secretary
Dateline Resources Limited (ACN 152 582 217) Level 4, 20 Loftus Street, Sydney, NSW 2000